CryptoKraze Technical Analysis
Possibility on 1 Hour Chart
If you look at 1 hour chart, you will see $Storm has made an impulsive move and now it is forming a bullish flag. This is a very common pattern in cryptocurrencies, whenever a coin breaks with the big impulsive move, it pulls back and waits for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has to dip close to 50 level now, so we have a pull back done and next impulsive move is ready.
- I have a buy entry at 0.00000280 with my profit target around 0.00000370 or above.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.
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Great tip! Never heard about storm, I´ll have a look. I followed you btw, please upload more great info like this :)
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Thank you for the insight! I will have to do some research and check it out for myself as well!